Harworth Group (LON:HWG) Stock Price Up 24% – Should You Buy?

Harworth Group plc (LON:HWG)’s stock price traded up 24% during mid-day trading on Thursday . The company traded as high as GBX 178 and last traded at GBX 178. 3,991,904 shares traded hands during trading, an increase of 615% from the average daily volume of 558,414 shares. The stock had previously closed at GBX 143.60.

Wall Street Analyst Weigh In

A number of research firms have commented on HWG. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 170 target price on shares of Harworth Group in a research report on Wednesday. Peel Hunt reiterated a “buy” rating and set a GBX 200 price target on shares of Harworth Group in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 196.75.

Harworth Group Stock Performance

The company has a debt-to-equity ratio of 24.93, a quick ratio of 1.13 and a current ratio of 457.81. The company has a market capitalization of £588.66 million, a price-to-earnings ratio of 64.64 and a beta of 0.53. The firm has a 50-day simple moving average of GBX 128.98 and a two-hundred day simple moving average of GBX 143.79.

Harworth Group Company Profile

Harworth Group plc is a leading sustainable regenerator of land and property for development and investment which owns, develops and manages a portfolio of over 14,000 acres of land on around 100 sites located throughout the North of England and Midlands. The Group specialises in the regeneration of large, complex sites, in particular former industrial sites, into new residential and industrial & logistics developments. Visit www.harworthgroup.com for further information.